These are the notes that I took from a trading webinar I ‘attended’ online.
Number one rule of trading is risk management.
Avg. S&P growth is around 7-8%. Take a 20 year old. Invests 1000 into S&P. After 65 years, 40 to retire and 25 to die, that 1000 will turn into 140k. However with brokerage fees the return is more like 5-5 ½%. That reduces the 140k down to 32k…BEFORE TAXES!!!
Write down a goal to make passively.
Fundamentals are hard for people to understand because there is so much going on they don’t know where to start.
Brokerage account can be as little as 300-2500 or a free account with a ‘virtual account’
MACD = Moving Average Convergence Divergence (measures a change in direction)
Indicators tell you when to buy/sell a stock.
Mutual Funds/managers ONLY do long of stocks.
Don’t waste time learning tricks of the trade.
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